September 24, 2014
Governor Christie and Democratic lawmakers agreed to an overhaul of New Jersey’s retirement and health benefits for government workers back in 2011. Now the Administration says the remaining tens of billions of dollars of debt will ruin the state’s finances if additional changes aren’t made. In order to balance this year’s budget the promised pension payment was skipped. Former Governors Jim Florio and Christie Whitman give their assessment of the need for further pension reform to Kent Manahan in this edition of Governors’ Perspectives.